Monthly Archives: January 2015
There are a wide variety of tax credits available for those who are disabled. These credits and deductions can lower the amount of taxes that you owe, and can even lead to a refund. According to the IRS, you are considered disabled under two conditions: You have a psychical or mental disability that limits your […]
— Read moreTaxes can be one of the biggest expenses that anyone in a professional environment encounters. If you’re one of those professionals, there are many deductions that can help you save. Unfortunately, you may not know some of them exist at all, or be aware of what records you should keep to claim certain deductions. To […]
— Read moreIf your business or job require you to purchase a new computer, you may be able to deduct the cost as a business expense. It may even be possible to deduct the whole cost of the computer in a single year. Employees If you work for someone else, but you purchase your own computer for […]
— Read moreWhen business takes you on a new adventure to a great destination, you’ll probably want to spend a little time relaxing and exploring the location. If you organize your schedule right, you may be able to combine your business with a little bit of pleasure. If you want to do this, you have to make […]
— Read moreKnowing what you’re doing at tax time, especially as a businessperson, can have a big impact on your end of the year finances. Tax regulations allow deductions of certain business expenses, which can help lower the amount of taxes your business will be responsible for. Costs deducted from your gross income results in your net […]
— Read moreWhen you use your personal car for business purposes, or if your business has a dedicated vehicle, you may be able to deduct some of the expenses related to keeping it operational. Learning how to manage car expense deductions can be difficult, but well worth it. There are two ways you can claim a deduction […]
— Read moreIf you have a rental property, you are required to report the income you receive from tenants on your tax return. However, if you have a property that you use as your own home for most of the year, but rent for a short term, you may not have to report the income. In fact, […]
— Read moreThe summer is a great time to pursue a job if you’re a student. You have more free time, you gain responsibility, and learn about the real working world. This also means you’ll have to pay taxes, just like every other employee. These taxes support local communities, state, and federal governments. Students who chose to […]
— Read moreThose who receive Social Security income may be required to pay taxes on part of their benefits, though there are some who discover their benefits aren’t subject to federal tax. If you receive Social Security, how can you tell if your benefits are taxable? The following facts can shed a little light on how your […]
— Read moreFor most taxpayers, April 15th is the due date for filing your tax return. You won’t incur a penalty if you file your return later than the due date if you’re only owed a refund. However, if you owe money, and you don’t file (or pay) on time, you will incur late charges and interest […]
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